Forex Guru System V3

Forex Guru System V3 is a trend following strategy that is designed to trade in the foreign exchange market. This is a very reliable trading strategy if one can master it well. Trend following systems with moving average crossovers are always the best system. Additionally, the two other technical indicators;market emotions and forex guru help to filter and confirm our trade. This system can be used in 30 minutes, 15 minutes and 1 hour chart. The system is really simple to use. Entry/exit trading signals will be based on the moving average crossovers and the remaining indicators will only do the work of confirmation. Money management rules should be seriously looked in to. With the Forex Guru system most of the time the minimum risk to reward ratio is 1:2. In other words when using this system most of the time you get awarded double of what you risk. Suppose if you are risking 30 pips in a trade you are likely to award by 60 pips.

If Forex Guru System V3 system is correctly installed your chart window should look like this:

Altogether the Forex Guru System uses four technical indicators to generate the trade signal in the market.

Simple Moving Average: Simple moving average is simply a line that runs with the price on the chart. Simple moving averages are very popular tool among the technical analyst all over the world. Simple moving average is widely used to find out the direction of the market trend and to find support and resistance as well. The crossovers of two moving averages are also considered good signal for buy/sell. In this system we have two simple moving averages;SMA 5 and SMA 9.

SMA 5: It is red in color. It is the fastest moving average used on this system.

SMA 9: It is black in color. It moves slower than the SMA 5.

Market Emotions: This indicator helps to find out the overall direction of the market without any noises on it. When you see at the price bars you might get confused, with the help of this tool you can overview what’s going on the market very precisely. Generally, when the market are falling the Market Emotions bars turn red whilst when the market is rising the bars of market emotions indicator is pale green.

Forex Guru Indicator of Histogram: This is a histogram that fluctuates beneath and above the zero level. When the histogram reading is above the zero level it indicates the bulls

Buying Conditions Using Forex Guru System V3.

Red color moving average should cross above the black moving average.

Market emotion indicator should turn pale green in color.

Forex histogram should turn positive from negative territory.

Guru angle indicator should trend higher.

Place your stop just below the recent swing low.

You should take profits when the indicators begin to change the color.

Selling Conditions Using Forex Guru System V3.

Red color moving average should cross below the black moving average.

Market emotion indicator should turn red in color.

Forex histogram should turn negative from positive territory.

Guru angle indicator should trend lower or should have no bars at all.

Place your stop just above the recent swing high.

You should take profits when the indicators begin to change the color.